Silicon Valley Bank’s (SVB) 2022 “ESG report” listed ethnic, racial, and sexual hiring quotas in pursuit of its own stated “DEI” goals.
The insolvent bank characterizes itself as committed to meritocracy despite openly declaring its commitment to personnel and supplier selections based on ethnicity, race, and sex. The ESG report includes terms such as “trans” and “non-binary” while denying humanity’s division into two sexes:
We embrace and support diverse families globally, no matter how our employees choose to define family. We offer our inclusive family-building benefit for every path to parenthood, including for single parents by choice, LGBTQ+ individuals and couples, and those choosing to preserve their fertility. Our benefits offer adoption and surrogacy services, among other family benefits, and cover transgender reassignment surgery.
With 119 mentions of “climate,” the report includes a goal for the company to become “carbon neutral” to reduce its “carbon footprint” in pursuit of a “low-carbon world.” SVB heralds its “ESG” bona fides by declaring its compliance with World Economic Forum standards for disclosure. It states, “We reference and report our information based on several disclosure frameworks, including … the World Economic Forum’s Stakeholder Capitalism Metrics.”
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